Announcement under Regulation 30 (LODR) - Amendments to MOA
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The board of Darjeeling Ropeway Company, at its meeting on August 14, 2025, approved adding seven new object clauses (36 to 42) to the Main Object Clause of the company's Memorandum of Association. The new business areas cover aviation spare parts and components, solar energy systems, electronics manufacturing, electric vehicles and semiconductors, IT and software consultancy, agro and food products, and industrial machinery. The board meeting lasted only 30 minutes (12:00 PM to 12:30 PM). These amendments are subject to shareholder approval at the upcoming Annual General Meeting scheduled for August 19, 2025.
This signals a major strategic pivot for a ropeway company into diverse, high-growth sectors like EVs, semiconductors, solar energy, and electronics. Investors should watch for shareholder approval at the AGM on August 19, 2025, and any subsequent announcements on actual business execution, as adding object clauses is only the first step.